| Sensex pares gains, rises 94 points |
MUMBAI In a volatile trade, the benchmark Sensex pared its early gains, still ending higher for the third consecutive day by 94 points due to buying mainly in IT, consumer durable and refinery sectors despite selling in view of poor response to the Spanish government bond auction.
The Spanish government raised euro 2.98 billion from a bond auction which was below its target of raising up to euro 3 billion from the auction.
Maruti Suzuki India lost by 8.74 per cent after the company stopped production at its Manesar, Haryana factory on Wednesday after labour unrest killed one person and left many injured.
The BSE benchmark Sensex resumed higher at 17,288.34 and shot up further to 17,318.93 on sustained buying on the back of higher global cues coupled with persistent capital inflows from foreign funds.
However, it declined afterwards to 17,244.76 before concluding the day 17,278.85, showing a net gain of 93.84 points or 0.55 per cent.
The NSE 50-share Nifty also moved up by 26.40 points or 0.51 per cent to 5,242.70.
Foreign institutional investors (FIIs) bought shares worth a net Rs2.76 billion on Wednesday as per provisional data released by the stock exchanges.
Press Trust of India
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